Pakistan's President Announces Resignation

Impeachment Documents Drawn Up to Lay Charges

Pervez Musharraf, President of Pakistan, is about to address the nation. Articles of impeachment have been drawn up.

Musharraf reflects on the nine years he has been in power - the drought of 2000, the 9/11 tragedy, the earthquake. He notes that he put the country's interests above his own and reminds citizens of his service as a soldier.

He will release a paper on the economic record of his government. He cites 7% GDP growth for 8 years. Foreign exchange reserves of $17 billion. The benchmark Karachi Stock Market index. The rate of exchange 60 Pakistan rupees to $1.

Musharraf say the government is responsible for the drop in foreign exchange reserves, the weakening of the Pakistani rupee and the drop in the stock market. Foreign direct investment is drying up, but his government transformed the infrastructure of the country including major highways to cities within Pakistan.

Tourism is increasing, unemployment is decreasing, and poverty decreased from 24% to 14%. Nine international universities opened up branches in Pakistan. He points to women in key positions at all levels of government.

He retired as Chief of Army Staff last year and oversaw the election. He is reserving his right to respond to the charges. "Whatever I have done has been for Pakistan..." He will resign his position as President effective immediately.